Raymond James Trust N.A. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,533 shares of the transportation company's stock after selling 124 shares during the quarter. Raymond James Trust N.A.'s holdings in C.H. Robinson Worldwide were worth $358,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. BlackRock Inc. now owns 18,078,740 shares of the transportation company's stock worth $1,945,815,000 after purchasing an additional 397,354 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 0.9% during the 1st quarter. First Eagle Investment Management LLC now owns 10,680,842 shares of the transportation company's stock worth $1,150,433,000 after purchasing an additional 91,884 shares during the period. State Street Corp lifted its stake in C.H. Robinson Worldwide by 1.3% during the 4th quarter. State Street Corp now owns 9,315,625 shares of the transportation company's stock worth $1,007,612,000 after acquiring an additional 115,771 shares in the last quarter. Invesco Ltd. lifted its stake in C.H. Robinson Worldwide by 6.5% during the 1st quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company's stock worth $147,252,000 after acquiring an additional 83,250 shares in the last quarter. Finally, Mairs & Power Inc. lifted its stake in C.H. Robinson Worldwide by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 1,338,323 shares of the transportation company's stock worth $144,044,000 after acquiring an additional 29,291 shares in the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
CHRW has been the topic of several research reports. Wolfe Research lowered C.H. Robinson Worldwide from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, July 12th. Morgan Stanley increased their target price on C.H. Robinson Worldwide from $63.00 to $66.00 and gave the stock an "underweight" rating in a research note on Thursday, July 28th. Vertical Research lowered C.H. Robinson Worldwide from a "hold" rating to a "sell" rating and set a $104.00 target price on the stock. in a research note on Wednesday, August 17th. Evercore ISI reduced their price target on C.H. Robinson Worldwide from $115.00 to $112.00 and set an "in-line" rating on the stock in a research report on Tuesday, July 12th. Finally, Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $117.00 to $123.00 in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $110.81.
Insider Activity at C.H. Robinson Worldwide
In related news, insider Michael D. Castagnetto sold 3,046 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total value of $365,520.00. Following the sale, the insider now directly owns 20,060 shares in the company, valued at $2,407,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through
this link. In related news, insider Michael D. Castagnetto sold 3,046 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total transaction of $365,520.00. Following the completion of the transaction, the insider now directly owns 20,060 shares of the company's stock, valued at $2,407,200. The sale was disclosed in a legal filing with the SEC, which is accessible through
the SEC website. Also, insider Angela K. Freeman sold 28,586 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $117.10, for a total value of $3,347,420.60. Following the transaction, the insider now directly owns 54,520 shares of the company's stock, valued at $6,384,292. The disclosure for this sale can be found
here. Insiders have sold a total of 33,215 shares of company stock worth $3,887,292 over the last three months. 1.64% of the stock is currently owned by corporate insiders.
C.H. Robinson Worldwide Trading Up 0.9 %
Shares of CHRW stock opened at $98.06 on Wednesday. The business's 50 day moving average is $110.22 and its two-hundred day moving average is $106.05. C.H. Robinson Worldwide, Inc. has a twelve month low of $85.80 and a twelve month high of $121.23. The company has a market capitalization of $12.15 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.24 and a beta of 0.73. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.78.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its earnings results on Wednesday, July 27th. The transportation company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.74. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same period last year, the business posted $1.44 EPS. The company's revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 8.76 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.24%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 26.47%.
C.H. Robinson Worldwide Company Profile
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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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